My Debt Blog

I haven’t posted in awhile because it’s been a busy time as December comes in. At work there are projects that have to get done before I am on vacation. At home there are all kinds of things going on like putting up the lights on the house and setting up the tree. It’s a lot of work to go to all this trouble when the stuff is only used for one month in the year (at least for most people). Then the ultimate question comes in, how much are we spending for Christmas?

Did we put money aside to prepare for Christmas? No.
Do we have a budget for Christmas? No.

It is hard to figure out how much Christmas needs to cost, but right now it is at least $1k. As I have said in the past, my wife wants a Coach purse so that’s what ended up happening. Turns out you can’t have a Coach purse without the matching wallet to go with it. Grand total for all of this was $700 and yes it went on a credit card. So much for paying down the credit card debt this year, a lot of progress is lost.

I’m not sure why I let things go on the way they do. Why do I even have a blog about trying to pay debt when it’s become this up and down rollercoaster of a mess? I don’t want to shut down the blog though, it is there for my own personal use but I’m open to comments. Christmas has become a holiday that I dread when it comes because of how bombarded we are by it every year. In October before Halloween even came, Christmas stuff started to be available in the stores. I’m just overwhelmed when it comes to trying to figure out what this year is going to cost us and how we’re going to pay the bills. The EF is going to probably be drained empty this time because I cannot figure out how to things.

Starting out January next year will be a challenge to rebuild the EF back to 1k. On a positive note my wife will be done with school and actually bringing in some real income once again. I hope she gets a job that pays much better than anything she has had previously because an income boost would really help us clean up the mess. Otherwise I am going to take more drastic means when it comes to handling our money.

Currently we share one checking account which all the money goes in and all the money comes out. If we do not figure out a good system using our income together, we’re going to have separate checking accounts and the household account we both contribute to for the mortgage and bills. I really don’t want things to come to that because I want to work together with money but things are going in different directions. I don’t think income is the problem, it’s the spending we have different viewpoints. These are the things I’m pondering lately and don’t know what will happen.

Comments(26)